Based on the limited information provided in the document, I cannot provide a comprehensive financial analysis or investment recommendation as would typically be expected from a financial analyst. The document does not contain a full financial report or detailed business description. However, I’ll summarize the key points available and provide some limited analysis based on what is presented:
Financial Analysis for Prospera Global Limited (FY2024) – Net Loss Increased by 9%
Key Facts
- Report Date: 04 April 2025
- Financial Year: Ended 31 December 2024
- Company Name: Prospera Global Limited (formerly Sinjia Land Limited)
- Net Loss: Increased from S\$2,819,000 to S\$3,069,000 (9% increase) [[1]]
Financial Statement Analysis
Income Statement
- Other Credit decreased by S\$32,000 (91% decrease) [[1]]
- Other Charges increased by S\$218,000 (20% increase) [[1]]
- Net loss for the financial year increased by S\$250,000 (9% increase) [[1]]
Balance Sheet
- Investment Property value decreased by S\$250,000 (23% decrease) [[1]]
Cash Flow Statement
- Fair value loss on investment property of S\$218,000 [[2]]
Special Activities
The company engaged a professional valuer to revalue its land in North Dakota, US. The value was adjusted from US\$800,000 (equivalent to S\$1,087,000) to US\$615,000 (equivalent to S\$837,000). [[2]]
Investment Recommendation
For current shareholders: Based on the limited information provided, the company’s financial performance appears to have deteriorated, with an increased net loss and a significant decrease in investment property value. Shareholders should carefully consider their investment goals and risk tolerance, and may want to reassess their position.
For potential investors: Given the increased net loss and decreased asset value, potential investors should exercise caution. More information about the company’s business model, growth strategies, and full financial statements would be needed to make an informed investment decision.
Disclaimer: This recommendation is based on limited information provided in the document and should not be considered as comprehensive financial advice. Investors should conduct their own thorough research and consult with a financial advisor before making any investment decisions.
